Wall Street poised for higher open as tech stocks rise
Advances in some of the biggest technology companies were set to lift Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Saudi Aramco plans to pay base dividend of $75 billion in 2020
Saudi Arabia’s state oil giant Saudi Aramco plans to pay a base dividend of $75 billion in 2020, it said in a corporate overview posted to its website on Monday as it prepares for an initial public offering (IPO).
Oil down nearly 2% on trade war jitters and Chinese data
Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the United States weighing on demand growth for the world’s largest crude importer.
White House trade adviser Navarro calls China delisting report ‘fake news’: CNBC
White House trade adviser Peter Navarro on Monday dismissed reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges as “fake news.”
Volkswagen rejects judge’s call to settle German class action on emissions
Volkswagen on Monday rejected a German judge’s call to settle a customer class action lawsuit over its rigging of diesel emissions tests, saying there was no case to answer.
Futures gain with support from tech stocks
Advances in some of the biggest technology companies bolstered U.S. stock index futures on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
Blackstone to buy U.S. warehouses from Colony Capital in $5.9 billion deal
Blackstone Group Inc said on Monday it would buy U.S. industrial warehouses from real estate and investment management firm Colony Capital Inc in a $5.9 billion deal, to capitalize on the e-commerce boom.
Oil down more than 1% on trade war jitters and Chinese data
Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the United States weighing on demand growth for the world’s largest crude importer.
Shares steady as investors shrug off U.S. delisting threat
Shares on Monday largely shrugged off reports that Washington is considering delisting Chinese companies from U.S. stock exchanges, with market players downplaying the likelihood of such radical escalation of the U.S.-China trade war.
Chinese companies rethink U.S. IPOs after Trump’s delisting threat
Bestbond, a Chinese apartment rental company, had been planning on a Nasdaq flotation in one to two years but as U.S.-China trade tensions racheted higher, the Hong Kong stock exchange emerged as a possible candidate. Now, it’s firmly on the table.
